$19,700 Mortgage for 30 Years

What is the monthly payment of a 19,700 dollar loan?
$
$
%
%
years
Loan Tables for a $19,700 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 20k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $19,700 home? What if I pay a bigger down payment? Make sure to think about maintenance costs, taxes, insurance, and other costs.

Use this to calculate a loan for anything, such as a vehicle, business loan, home, RV, motor home, mobile home, manufactured home, real estate, land, vacation property, education, or any type of debt.
Interest Rate 30 Year
19,700 at 2.01%$72.91
19,700 at 2.02%$73.01
19,700 at 2.03%$73.11
19,700 at 2.04%$73.21
19,700 at 2.05%$73.31
19,700 at 2.06%$73.41
19,700 at 2.07%$73.51
19,700 at 2.08%$73.61
19,700 at 2.09%$73.70
19,700 at 2.1%$73.80
19,700 at 2.11%$73.90
19,700 at 2.12%$74.00
19,700 at 2.13%$74.10
19,700 at 2.14%$74.20
19,700 at 2.15%$74.30
19,700 at 2.16%$74.40
19,700 at 2.17%$74.50
19,700 at 2.18%$74.60
19,700 at 2.19%$74.70
19,700 at 2.2%$74.80
19,700 at 2.21%$74.90
19,700 at 2.22%$75.00
19,700 at 2.23%$75.10
19,700 at 2.24%$75.20
19,700 at 2.25%$75.30
19,700 at 2.26%$75.40
19,700 at 2.27%$75.50
19,700 at 2.28%$75.60
19,700 at 2.29%$75.71
19,700 at 2.3%$75.81
19,700 at 2.31%$75.91
19,700 at 2.32%$76.01
19,700 at 2.33%$76.11
19,700 at 2.34%$76.21
19,700 at 2.35%$76.31
19,700 at 2.36%$76.41
19,700 at 2.37%$76.51
19,700 at 2.38%$76.62
19,700 at 2.39%$76.72
19,700 at 2.4%$76.82
19,700 at 2.41%$76.92
19,700 at 2.42%$77.02
19,700 at 2.43%$77.12
19,700 at 2.44%$77.23
19,700 at 2.45%$77.33
19,700 at 2.46%$77.43
19,700 at 2.47%$77.53
19,700 at 2.48%$77.63
19,700 at 2.49%$77.74
19,700 at 2.5%$77.84
19,700 at 2.51%$77.94
19,700 at 2.52%$78.04
19,700 at 2.53%$78.15
19,700 at 2.54%$78.25
19,700 at 2.55%$78.35
19,700 at 2.56%$78.45
19,700 at 2.57%$78.56
19,700 at 2.58%$78.66
19,700 at 2.59%$78.76
19,700 at 2.6%$78.87
19,700 at 2.61%$78.97
19,700 at 2.62%$79.07
19,700 at 2.63%$79.18
19,700 at 2.64%$79.28
19,700 at 2.65%$79.38
19,700 at 2.66%$79.49
19,700 at 2.67%$79.59
19,700 at 2.68%$79.69
19,700 at 2.69%$79.80
19,700 at 2.7%$79.90
19,700 at 2.71%$80.01
19,700 at 2.72%$80.11
19,700 at 2.73%$80.21
19,700 at 2.74%$80.32
19,700 at 2.75%$80.42
19,700 at 2.76%$80.53
19,700 at 2.77%$80.63
19,700 at 2.78%$80.74
19,700 at 2.79%$80.84
19,700 at 2.8%$80.95
19,700 at 2.81%$81.05
19,700 at 2.82%$81.16
19,700 at 2.83%$81.26
19,700 at 2.84%$81.37
19,700 at 2.85%$81.47
19,700 at 2.86%$81.58
19,700 at 2.87%$81.68
19,700 at 2.88%$81.79
19,700 at 2.89%$81.89
19,700 at 2.9%$82.00
19,700 at 2.91%$82.10
19,700 at 2.92%$82.21
19,700 at 2.93%$82.31
19,700 at 2.94%$82.42
19,700 at 2.95%$82.53
19,700 at 2.96%$82.63
19,700 at 2.97%$82.74
19,700 at 2.98%$82.84
19,700 at 2.99%$82.95
19,700 at 3%$83.06
19,700 at 3.01%$83.16
19,700 at 3.02%$83.27
19,700 at 3.03%$83.38
19,700 at 3.04%$83.48
19,700 at 3.05%$83.59
19,700 at 3.06%$83.69
19,700 at 3.07%$83.80
19,700 at 3.08%$83.91
19,700 at 3.09%$84.02
19,700 at 3.1%$84.12
19,700 at 3.11%$84.23
19,700 at 3.12%$84.34
19,700 at 3.13%$84.44
19,700 at 3.14%$84.55
19,700 at 3.15%$84.66
19,700 at 3.16%$84.77
19,700 at 3.17%$84.87
19,700 at 3.18%$84.98
19,700 at 3.19%$85.09
19,700 at 3.2%$85.20
19,700 at 3.21%$85.30
19,700 at 3.22%$85.41
19,700 at 3.23%$85.52
19,700 at 3.24%$85.63
19,700 at 3.25%$85.74
19,700 at 3.26%$85.84
19,700 at 3.27%$85.95
19,700 at 3.28%$86.06
19,700 at 3.29%$86.17
19,700 at 3.3%$86.28
19,700 at 3.31%$86.39
19,700 at 3.32%$86.49
19,700 at 3.33%$86.60
19,700 at 3.34%$86.71
19,700 at 3.35%$86.82
19,700 at 3.36%$86.93
19,700 at 3.37%$87.04
19,700 at 3.38%$87.15
19,700 at 3.39%$87.26
19,700 at 3.4%$87.37
19,700 at 3.41%$87.48
19,700 at 3.42%$87.58
19,700 at 3.43%$87.69
19,700 at 3.44%$87.80
19,700 at 3.45%$87.91
19,700 at 3.46%$88.02
19,700 at 3.47%$88.13
19,700 at 3.48%$88.24
19,700 at 3.49%$88.35
19,700 at 3.5%$88.46
Interest Rate 30 Year
19,700 at 3.51%$88.57
19,700 at 3.52%$88.68
19,700 at 3.53%$88.79
19,700 at 3.54%$88.90
19,700 at 3.55%$89.01
19,700 at 3.56%$89.12
19,700 at 3.57%$89.23
19,700 at 3.58%$89.34
19,700 at 3.59%$89.45
19,700 at 3.6%$89.57
19,700 at 3.61%$89.68
19,700 at 3.62%$89.79
19,700 at 3.63%$89.90
19,700 at 3.64%$90.01
19,700 at 3.65%$90.12
19,700 at 3.66%$90.23
19,700 at 3.67%$90.34
19,700 at 3.68%$90.45
19,700 at 3.69%$90.56
19,700 at 3.7%$90.68
19,700 at 3.71%$90.79
19,700 at 3.72%$90.90
19,700 at 3.73%$91.01
19,700 at 3.74%$91.12
19,700 at 3.75%$91.23
19,700 at 3.76%$91.35
19,700 at 3.77%$91.46
19,700 at 3.78%$91.57
19,700 at 3.79%$91.68
19,700 at 3.8%$91.79
19,700 at 3.81%$91.91
19,700 at 3.82%$92.02
19,700 at 3.83%$92.13
19,700 at 3.84%$92.24
19,700 at 3.85%$92.36
19,700 at 3.86%$92.47
19,700 at 3.87%$92.58
19,700 at 3.88%$92.69
19,700 at 3.89%$92.81
19,700 at 3.9%$92.92
19,700 at 3.91%$93.03
19,700 at 3.92%$93.14
19,700 at 3.93%$93.26
19,700 at 3.94%$93.37
19,700 at 3.95%$93.48
19,700 at 3.96%$93.60
19,700 at 3.97%$93.71
19,700 at 3.98%$93.82
19,700 at 3.99%$93.94
19,700 at 4%$94.05
19,700 at 4.01%$94.16
19,700 at 4.02%$94.28
19,700 at 4.03%$94.39
19,700 at 4.04%$94.51
19,700 at 4.05%$94.62
19,700 at 4.06%$94.73
19,700 at 4.07%$94.85
19,700 at 4.08%$94.96
19,700 at 4.09%$95.08
19,700 at 4.1%$95.19
19,700 at 4.11%$95.30
19,700 at 4.12%$95.42
19,700 at 4.13%$95.53
19,700 at 4.14%$95.65
19,700 at 4.15%$95.76
19,700 at 4.16%$95.88
19,700 at 4.17%$95.99
19,700 at 4.18%$96.11
19,700 at 4.19%$96.22
19,700 at 4.2%$96.34
19,700 at 4.21%$96.45
19,700 at 4.22%$96.57
19,700 at 4.23%$96.68
19,700 at 4.24%$96.80
19,700 at 4.25%$96.91
19,700 at 4.26%$97.03
19,700 at 4.27%$97.14
19,700 at 4.28%$97.26
19,700 at 4.29%$97.37
19,700 at 4.3%$97.49
19,700 at 4.31%$97.61
19,700 at 4.32%$97.72
19,700 at 4.33%$97.84
19,700 at 4.34%$97.95
19,700 at 4.35%$98.07
19,700 at 4.36%$98.18
19,700 at 4.37%$98.30
19,700 at 4.38%$98.42
19,700 at 4.39%$98.53
19,700 at 4.4%$98.65
19,700 at 4.41%$98.77
19,700 at 4.42%$98.88
19,700 at 4.43%$99.00
19,700 at 4.44%$99.12
19,700 at 4.45%$99.23
19,700 at 4.46%$99.35
19,700 at 4.47%$99.47
19,700 at 4.48%$99.58
19,700 at 4.49%$99.70
19,700 at 4.5%$99.82
19,700 at 4.51%$99.93
19,700 at 4.52%$100.05
19,700 at 4.53%$100.17
19,700 at 4.54%$100.29
19,700 at 4.55%$100.40
19,700 at 4.56%$100.52
19,700 at 4.57%$100.64
19,700 at 4.58%$100.76
19,700 at 4.59%$100.87
19,700 at 4.6%$100.99
19,700 at 4.61%$101.11
19,700 at 4.62%$101.23
19,700 at 4.63%$101.34
19,700 at 4.64%$101.46
19,700 at 4.65%$101.58
19,700 at 4.66%$101.70
19,700 at 4.67%$101.82
19,700 at 4.68%$101.93
19,700 at 4.69%$102.05
19,700 at 4.7%$102.17
19,700 at 4.71%$102.29
19,700 at 4.72%$102.41
19,700 at 4.73%$102.53
19,700 at 4.74%$102.65
19,700 at 4.75%$102.76
19,700 at 4.76%$102.88
19,700 at 4.77%$103.00
19,700 at 4.78%$103.12
19,700 at 4.79%$103.24
19,700 at 4.8%$103.36
19,700 at 4.81%$103.48
19,700 at 4.82%$103.60
19,700 at 4.83%$103.72
19,700 at 4.84%$103.84
19,700 at 4.85%$103.96
19,700 at 4.86%$104.07
19,700 at 4.87%$104.19
19,700 at 4.88%$104.31
19,700 at 4.89%$104.43
19,700 at 4.9%$104.55
19,700 at 4.91%$104.67
19,700 at 4.92%$104.79
19,700 at 4.93%$104.91
19,700 at 4.94%$105.03
19,700 at 4.95%$105.15
19,700 at 4.96%$105.27
19,700 at 4.97%$105.39
19,700 at 4.98%$105.51
19,700 at 4.99%$105.63
19,700 at 5%$105.75
Interest Rate 30 Year
19,700 at 5.01%$105.87
19,700 at 5.02%$105.99
19,700 at 5.03%$106.12
19,700 at 5.04%$106.24
19,700 at 5.05%$106.36
19,700 at 5.06%$106.48
19,700 at 5.07%$106.60
19,700 at 5.08%$106.72
19,700 at 5.09%$106.84
19,700 at 5.1%$106.96
19,700 at 5.11%$107.08
19,700 at 5.12%$107.20
19,700 at 5.13%$107.32
19,700 at 5.14%$107.45
19,700 at 5.15%$107.57
19,700 at 5.16%$107.69
19,700 at 5.17%$107.81
19,700 at 5.18%$107.93
19,700 at 5.19%$108.05
19,700 at 5.2%$108.17
19,700 at 5.21%$108.30
19,700 at 5.22%$108.42
19,700 at 5.23%$108.54
19,700 at 5.24%$108.66
19,700 at 5.25%$108.78
19,700 at 5.26%$108.91
19,700 at 5.27%$109.03
19,700 at 5.28%$109.15
19,700 at 5.29%$109.27
19,700 at 5.3%$109.40
19,700 at 5.31%$109.52
19,700 at 5.32%$109.64
19,700 at 5.33%$109.76
19,700 at 5.34%$109.88
19,700 at 5.35%$110.01
19,700 at 5.36%$110.13
19,700 at 5.37%$110.25
19,700 at 5.38%$110.38
19,700 at 5.39%$110.50
19,700 at 5.4%$110.62
19,700 at 5.41%$110.74
19,700 at 5.42%$110.87
19,700 at 5.43%$110.99
19,700 at 5.44%$111.11
19,700 at 5.45%$111.24
19,700 at 5.46%$111.36
19,700 at 5.47%$111.48
19,700 at 5.48%$111.61
19,700 at 5.49%$111.73
19,700 at 5.5%$111.85
19,700 at 5.51%$111.98
19,700 at 5.52%$112.10
19,700 at 5.53%$112.23
19,700 at 5.54%$112.35
19,700 at 5.55%$112.47
19,700 at 5.56%$112.60
19,700 at 5.57%$112.72
19,700 at 5.58%$112.85
19,700 at 5.59%$112.97
19,700 at 5.6%$113.09
19,700 at 5.61%$113.22
19,700 at 5.62%$113.34
19,700 at 5.63%$113.47
19,700 at 5.64%$113.59
19,700 at 5.65%$113.72
19,700 at 5.66%$113.84
19,700 at 5.67%$113.96
19,700 at 5.68%$114.09
19,700 at 5.69%$114.21
19,700 at 5.7%$114.34
19,700 at 5.71%$114.46
19,700 at 5.72%$114.59
19,700 at 5.73%$114.71
19,700 at 5.74%$114.84
19,700 at 5.75%$114.96
19,700 at 5.76%$115.09
19,700 at 5.77%$115.21
19,700 at 5.78%$115.34
19,700 at 5.79%$115.46
19,700 at 5.8%$115.59
19,700 at 5.81%$115.72
19,700 at 5.82%$115.84
19,700 at 5.83%$115.97
19,700 at 5.84%$116.09
19,700 at 5.85%$116.22
19,700 at 5.86%$116.34
19,700 at 5.87%$116.47
19,700 at 5.88%$116.60
19,700 at 5.89%$116.72
19,700 at 5.9%$116.85
19,700 at 5.91%$116.97
19,700 at 5.92%$117.10
19,700 at 5.93%$117.23
19,700 at 5.94%$117.35
19,700 at 5.95%$117.48
19,700 at 5.96%$117.61
19,700 at 5.97%$117.73
19,700 at 5.98%$117.86
19,700 at 5.99%$117.98
19,700 at 6%$118.11
19,700 at 6.01%$118.24
19,700 at 6.02%$118.36
19,700 at 6.03%$118.49
19,700 at 6.04%$118.62
19,700 at 6.05%$118.75
19,700 at 6.06%$118.87
19,700 at 6.07%$119.00
19,700 at 6.08%$119.13
19,700 at 6.09%$119.25
19,700 at 6.1%$119.38
19,700 at 6.11%$119.51
19,700 at 6.12%$119.64
19,700 at 6.13%$119.76
19,700 at 6.14%$119.89
19,700 at 6.15%$120.02
19,700 at 6.16%$120.15
19,700 at 6.17%$120.27
19,700 at 6.18%$120.40
19,700 at 6.19%$120.53
19,700 at 6.2%$120.66
19,700 at 6.21%$120.78
19,700 at 6.22%$120.91
19,700 at 6.23%$121.04
19,700 at 6.24%$121.17
19,700 at 6.25%$121.30
19,700 at 6.26%$121.42
19,700 at 6.27%$121.55
19,700 at 6.28%$121.68
19,700 at 6.29%$121.81
19,700 at 6.3%$121.94
19,700 at 6.31%$122.07
19,700 at 6.32%$122.19
19,700 at 6.33%$122.32
19,700 at 6.34%$122.45
19,700 at 6.35%$122.58
19,700 at 6.36%$122.71
19,700 at 6.37%$122.84
19,700 at 6.38%$122.97
19,700 at 6.39%$123.10
19,700 at 6.4%$123.22
19,700 at 6.41%$123.35
19,700 at 6.42%$123.48
19,700 at 6.43%$123.61
19,700 at 6.44%$123.74
19,700 at 6.45%$123.87
19,700 at 6.46%$124.00
19,700 at 6.47%$124.13
19,700 at 6.48%$124.26
19,700 at 6.49%$124.39
19,700 at 6.5%$124.52
Interest Rate 30 Year
19,700 at 6.51%$124.65
19,700 at 6.52%$124.78
19,700 at 6.53%$124.91
19,700 at 6.54%$125.04
19,700 at 6.55%$125.17
19,700 at 6.56%$125.30
19,700 at 6.57%$125.43
19,700 at 6.58%$125.56
19,700 at 6.59%$125.69
19,700 at 6.6%$125.82
19,700 at 6.61%$125.95
19,700 at 6.62%$126.08
19,700 at 6.63%$126.21
19,700 at 6.64%$126.34
19,700 at 6.65%$126.47
19,700 at 6.66%$126.60
19,700 at 6.67%$126.73
19,700 at 6.68%$126.86
19,700 at 6.69%$126.99
19,700 at 6.7%$127.12
19,700 at 6.71%$127.25
19,700 at 6.72%$127.38
19,700 at 6.73%$127.51
19,700 at 6.74%$127.64
19,700 at 6.75%$127.77
19,700 at 6.76%$127.90
19,700 at 6.77%$128.04
19,700 at 6.78%$128.17
19,700 at 6.79%$128.30
19,700 at 6.8%$128.43
19,700 at 6.81%$128.56
19,700 at 6.82%$128.69
19,700 at 6.83%$128.82
19,700 at 6.84%$128.95
19,700 at 6.85%$129.09
19,700 at 6.86%$129.22
19,700 at 6.87%$129.35
19,700 at 6.88%$129.48
19,700 at 6.89%$129.61
19,700 at 6.9%$129.74
19,700 at 6.91%$129.88
19,700 at 6.92%$130.01
19,700 at 6.93%$130.14
19,700 at 6.94%$130.27
19,700 at 6.95%$130.40
19,700 at 6.96%$130.54
19,700 at 6.97%$130.67
19,700 at 6.98%$130.80
19,700 at 6.99%$130.93
19,700 at 7%$131.06
19,700 at 7.01%$131.20
19,700 at 7.02%$131.33
19,700 at 7.03%$131.46
19,700 at 7.04%$131.59
19,700 at 7.05%$131.73
19,700 at 7.06%$131.86
19,700 at 7.07%$131.99
19,700 at 7.08%$132.12
19,700 at 7.09%$132.26
19,700 at 7.1%$132.39
19,700 at 7.11%$132.52
19,700 at 7.12%$132.66
19,700 at 7.13%$132.79
19,700 at 7.14%$132.92
19,700 at 7.15%$133.06
19,700 at 7.16%$133.19
19,700 at 7.17%$133.32
19,700 at 7.18%$133.45
19,700 at 7.19%$133.59
19,700 at 7.2%$133.72
19,700 at 7.21%$133.85
19,700 at 7.22%$133.99
19,700 at 7.23%$134.12
19,700 at 7.24%$134.26
19,700 at 7.25%$134.39
19,700 at 7.26%$134.52
19,700 at 7.27%$134.66
19,700 at 7.28%$134.79
19,700 at 7.29%$134.92
19,700 at 7.3%$135.06
19,700 at 7.31%$135.19
19,700 at 7.32%$135.33
19,700 at 7.33%$135.46
19,700 at 7.34%$135.59
19,700 at 7.35%$135.73
19,700 at 7.36%$135.86
19,700 at 7.37%$136.00
19,700 at 7.38%$136.13
19,700 at 7.39%$136.26
19,700 at 7.4%$136.40
19,700 at 7.41%$136.53
19,700 at 7.42%$136.67
19,700 at 7.43%$136.80
19,700 at 7.44%$136.94
19,700 at 7.45%$137.07
19,700 at 7.46%$137.21
19,700 at 7.47%$137.34
19,700 at 7.48%$137.48
19,700 at 7.49%$137.61
19,700 at 7.5%$137.75
19,700 at 7.51%$137.88
19,700 at 7.52%$138.02
19,700 at 7.53%$138.15
19,700 at 7.54%$138.29
19,700 at 7.55%$138.42
19,700 at 7.56%$138.56
19,700 at 7.57%$138.69
19,700 at 7.58%$138.83
19,700 at 7.59%$138.96
19,700 at 7.6%$139.10
19,700 at 7.61%$139.23
19,700 at 7.62%$139.37
19,700 at 7.63%$139.50
19,700 at 7.64%$139.64
19,700 at 7.65%$139.77
19,700 at 7.66%$139.91
19,700 at 7.67%$140.05
19,700 at 7.68%$140.18
19,700 at 7.69%$140.32
19,700 at 7.7%$140.45
19,700 at 7.71%$140.59
19,700 at 7.72%$140.73
19,700 at 7.73%$140.86
19,700 at 7.74%$141.00
19,700 at 7.75%$141.13
19,700 at 7.76%$141.27
19,700 at 7.77%$141.41
19,700 at 7.78%$141.54
19,700 at 7.79%$141.68
19,700 at 7.8%$141.81
19,700 at 7.81%$141.95
19,700 at 7.82%$142.09
19,700 at 7.83%$142.22
19,700 at 7.84%$142.36
19,700 at 7.85%$142.50
19,700 at 7.86%$142.63
19,700 at 7.87%$142.77
19,700 at 7.88%$142.91
19,700 at 7.89%$143.04
19,700 at 7.9%$143.18
19,700 at 7.91%$143.32
19,700 at 7.92%$143.45
19,700 at 7.93%$143.59
19,700 at 7.94%$143.73
19,700 at 7.95%$143.87
19,700 at 7.96%$144.00
19,700 at 7.97%$144.14
19,700 at 7.98%$144.28
19,700 at 7.99%$144.41
19,700 at 8%$144.55
More Amounts
What is the down payment for a $19,700 house? How much do you need to put down?
Percent Down Down Payment
1%197
2%394
3%591
4%788
5%985
6%1,182
7%1,379
8%1,576
9%1,773
10%1,970
11%2,167
12%2,364
13%2,561
14%2,758
15%2,955
16%3,152
17%3,349
18%3,546
19%3,743
20%3,940
Percent Down Down Payment
21%4,137
22%4,334
23%4,531
24%4,728
25%4,925
26%5,122
27%5,319
28%5,516
29%5,713
30%5,910
31%6,107
32%6,304
33%6,501
34%6,698
35%6,895
36%7,092
37%7,289
38%7,486
39%7,683
40%7,880
Percent Down Down Payment
41%8,077
42%8,274
43%8,471
44%8,668
45%8,865
46%9,062
47%9,259
48%9,456
49%9,653
50%9,850
51%10,047
52%10,244
53%10,441
54%10,638
55%10,835
56%11,032
57%11,229
58%11,426
59%11,623
60%11,820
Percent Down Down Payment
61%12,017
62%12,214
63%12,411
64%12,608
65%12,805
66%13,002
67%13,199
68%13,396
69%13,593
70%13,790
71%13,987
72%14,184
73%14,381
74%14,578
75%14,775
76%14,972
77%15,169
78%15,366
79%15,563
80%15,760
Percent Down Down Payment
81%15,957
82%16,154
83%16,351
84%16,548
85%16,745
86%16,942
87%17,139
88%17,336
89%17,533
90%17,730
91%17,927
92%18,124
93%18,321
94%18,518
95%18,715
96%18,912
97%19,109
98%19,306
99%19,503
100%19,700
Common Loan Vocabulary Terms
APR Annual Percentage Rate, the annual cost of borrowing or lending money.
PMI Private Mortgage Insurance. A downpayment less than 20% often requires that the borrower purchase PMI. This increases the overall monthly payment.
Property Taxes Taxes charged by the local government to the owner of the property. This is often charged as a percentage of the assessed value of the property.
Insurance Home insurance protects your property against damage. Flood insurance is often recommended for some areas of the country. Individuals with a high net worth might consider an umbrella policy.
HOA Homeowners' Association. Usually part of a condo development or subdivision. The HOA often sets the rules, takes care of common maintenance, and charges a fee.
Mortgage Refinance After mortgage rates have decreased, it is often possible to get a new mortgage at a lower rate. This is a loan refinance and can save lots of money.